Understanding Horizontal Channels
A horizontal channel, also known as a trading range, is a price pattern that occurs when an asset’s price moves within a defined range, bounded by parallel lines
Charts
The Flag Pattern: Your Comprehensive Guide to Mastering This Chart Pattern
Flag chart patterns are a type of continuation pattern that occur within a larger trend. They are characterized by a period of consolidation or pause in price movement
Understanding Cup and Handle: A Powerful Chart Patterns
The cup and handle pattern is a bullish continuation pattern that typically forms after a prolonged uptrend. It is named after its distinct shape, which resembles a cup with a handle attached to it
Understanding the Falling Wedge Chart Pattern
A falling wedge is a bullish chart pattern that forms when the price of an asset is consolidating within a narrowing range
Understanding Trend Channels
A trend channel is a graphical representation of a market trend. It consists of two parallel lines that encompass the price movement of an asset
Understanding the Wedge Pattern
The wedge pattern is a technical analysis pattern that occurs when the price of an asset consolidates between two converging trend lines
The Bullish Flag Pattern: Your Comprehensive Guide to Mastering This Chart Pattern
The bull flag pattern is a technical analysis pattern that occurs within an uptrend. It is characterized by a brief consolidation period, represented by a small rectangle-shaped flag, which forms after a strong and rapid upward move in the price of an asset
Understanding Pennants: A Powerful Chart Pattern
A pennant is characterized by its distinct triangular shape, which resembles a pennant flag, hence the name. It is formed by two converging trend lines that connect the highs and lows of the price action
Understanding the Head and Shoulders Chart Pattern
The head and shoulders pattern is formed by three important components: a left shoulder, a head, and a right shoulder
The Triple Top Pattern: Your Comprehensive Guide to Mastering This Chart Pattern
The Triple Top pattern is formed when an asset’s price reaches a resistance level three times, failing to break through and creating a distinct pattern resembling three consecutive peaks